C K Birla group company Hindustan Motors today reported an over two-fold decline in its net profit for the quarter ended September at Rs 11.65 crore.
The company had posted a net profit of Rs 27.42 crore in the same quarter a year ago, Hindustan Motors said in a filing to the Bombay Stick Exchange.
Net sales during the period under review stood at Rs 203.85 crore, as against Rs 137.66 crore in the corresponding quarter last fiscal, up 48 per cent.
Shares of the company closed the day at Rs 24.70 per scrip, up 1.65 per cent from the previous close on the BSE.
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